Hi,
This isn,t really a practical fix.
The Red Light Would indicate overheated Processor Or graphics Chip. No video out, would make the Graphics chip likely suspect. Due to the cost of X-Boxes these days.
My best Solution For you, would be to purchase a second-hand one, From e-bay. And keep yours for a Spare. it,s more cost effective. I,d also recommend going for a later model Crystal With The samsung DVD drive, they,ll read any Disks that you throw at them. especially useful if your going to do any additional works To It.

Tell us some more! Your answer needs to include more details to help people.You can't post answers that contain an email address.Please enter a valid email address.The email address entered is already associated to an account.Login to postPlease use English characters only.

If you get the Xbox 360 1 red light message, it means that the problem is either with the DVD drive, or with the hard drive.

Fortunately, the Xbox 360 1 red light message is not something that you should worry about. In order to identify which of the two drives the Xbox 360 1 red light messages is referring to, just look the code number that the screen displays. DVD drive errors are identified with the codes E64, E65 and E66, whereas hard drive errors are identified with codes E67, E69 and E79.

Once you identify which error the Xbox 360 1 red light message is pointing to, fixing it is really easy. The guide available at Fix-xbox360.info will tell you what to do in each case, as well as what to do in case you get any of the other Xbox 360 lights messages. Check it out.

Make sure the HDMI cable is connected to the HDMI OUT port on the
back of the PLAYSTATION 3 system. Connect the other end of the HDMI
cable into the HDMI Input port of the TV or display monitor.

While the PLAYSTATION 3 system is in standby mode (red light on the
front of the system), hold down the
touch-sensitive power button on the front of the system until the system
goes into standby mode again . (So the light cycle would go from:
red light --> green light --> then back to red light). This
will ensure that you have held down the power button long enough to
reset the Video Output Settings.

Turn on the PLAYSTATION 3 system and once the system finishes powering
up, the Video Output Settings will automatically reset to the standard
resolution (or detect the current display output settings of your
TV/monitor).

Make sure the HDMI cable is connected to the HDMI OUT port on the
back of the PLAYSTATION 3 system. Connect the other end of the HDMI
cable into the HDMI Input port of the TV or display monitor.

While the PLAYSTATION 3 system is in standby mode (red light on the
front of the system), hold down the
touch-sensitive power button on the front of the system until the system
goes into standby mode again . (So the light cycle would go from:
red light --> green light --> then back to red light). This
will ensure that you have held down the power button long enough to
reset the Video Output Settings.

Turn on the PLAYSTATION 3 system and once the system finishes powering
up, the Video Output Settings will automatically reset to the standard
resolution (or detect the current display output settings of your
TV/monitor).

If it freezes and then the next time you turn it on has red lights on the console display check out the corresponding Microsoft articles for the number of red rings on the display. They appear in quadrants on it. 1 red ring2 red rings3 red rings4 red rings

If you do not have any rings, your console may just be overheating. Give it a while to cool down and if that doesn't work, give Microsoft a call: 1-800-4MYXBOX. Good Luck!